May 31, 2011

 

Fonterra unites with global firms to form customs group

 

 

Huge international companies from different industries, such as Fonterra dairy co-operative firm, are joining forces to help improve on the world's customs standards.

 

Fonterra group customs manager Robb Stevens said the invitation to join the World Customs Organization's Private Sector Consultative Group (PSCG) recognised Fonterra's global presence as a manufacturer and international seller, and experience with customs authorities in various markets.

 

The 30-strong PSCG included General Motors, IBM, FedEx and the World Shipping Council.

 

Fonterra is the biggest company in the New Zealand, with revenue of US$16.7 billion in the year ended July 31, 2010, and the first New Zealand firm to join the group.

 

The group provided trade-related advice to the World Customs Organization (WCO) - an intergovernmental body that developed global customs standards and procedures relating to trade facilitation and supply chain security.

 

"As a country that relies on exports, it's in our interests to see consistency in market rules, access and regulation. As the world's largest dairy exporter and with our products now in over 140 countries, we have an important contribution to make both for New Zealand and for Fonterra," Stevens said.

 

Fonterra would have input in simplifying customs processes to smooth the flow of goods for all New Zealand importers and exporters, Stevens said.

 

Fonterra was nominated for the group by the New Zealand Customs Service and went through a screening process.

 

New Zealand Customs Service group manager of policy Denise Hing said having a company in the PSCG was a major opportunity for New Zealand.

 

"The PSCG has significant influence on the WCO's role in supporting the growth of world trade. This a genuine opportunity for a major New Zealand company to have a say in the development of more efficient global supply chains," Hing said.

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